People need to be careful about investing here because they think there will be a takeover.
Andovers new owners SH Mining have no reason to acquire RDN. They can sit on their hands for decades before needing extra feed for their mill.
And that's if RDN actually make an economic discovery.
Think of it this way, why would you pay top $ for your neighbours house if no one else could buy it and you knew the annual expenditure requirements will bleed them of $. Its an ideal situation for SH mining, they will have all the negotiation power, and that's if they were even interested, this decade.
The ball is in their court, RDN is boxed in, it's actually a really terrible position to be in. Will be especially frustrating if a discovery is made but it's not enough to independently develop.
Good luck.
RDN Price at posting:
1.8¢ Sentiment: Sell Disclosure: Not Held
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